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Product tanker crew kidnapped in Gulf of Guinea Read More »
France-based GTT said it signed in June a global technical services agreement (TSA) with the Norwegian shipowner Knutsen OAS Shipping AS. This new agreement covers a fleet of 17 vessels by 2022, including 12 currently in service and five under construc…
GTT Inks Services Deal with Knutsen Read More »
The tanker market was in reverse mode during the month of July according to the latest report from OPEC. Dirty tanker rates broadly trended lower across most routes in June, as the stellar rates seen earlier in the year receded. The decline in rates wa…
Tanker Market On Decline During July Read More »
The Petrofin Index for Global Ship Finance which commenced at 100 in 2008 fell by 1 point (from 65 to 64 the year before), pointing to a possible stabilisation of the decline of global shipping portfolios. Top 40 Banks’ lending to shipping fell from $3…
Key Developments and Growth in Global Ship Finance Read More »
Charter rates for multipurpose (MPV) ships, including both breakbulk and heavylift vessels, are not expected to recover back to pre-Covid-19 levels until the end of 2021, with the recovery anticipated to take even longer if the global pandemic is not c…
Covid-19 to stifle investment in multipurpose and heavylift shipping Read More »